May 24th, 2008
12:07 AM ET
14 years ago

Cindy McCain releases 2006 tax returns


[cnn-photo-caption image= caption="Mrs. McCain released her 2006 tax returns Friday."]
WASHINGTON (CNN) - Cindy McCain released part of her 2006 tax returns Friday. The filings show she earned a total income of $6 million, and paid more than $1.7 million in taxes. She also claimed deductions of close to $570,000.

Her husband John McCain's presidential campaign said she had received an extension on her 2007 tax returns, and planned to release those as well. Her husband, presumptive Republican nominee John McCain, made his own returns public last month.

Under a prenuptial agreement, the couple keeps their tax returns and assets completely separate. Cindy McCain is heiress to a liquor fortune.

A campaign spokesman said she still had concerns about the privacy of her children - the reason she had given earlier for not releasing the records - she did not want the lingering questions continue to be a distraction from other issues.

The campaign dismissed questions over its decision to release the documents late on the Friday of Memorial Day weekend. "The campaign makes determinations when the make things public," spokesman Tucker Bounds told CNN. "This is something that came together today. We feel very good about that fact that people are able to get the information that they had asked for."

A campaign aide says that Cindy McCain made the decision recently, but this was the first time the campaign had had a chance to release the documents.

He added that the moves will exceed those of Teresa Heinz Kerry, also an heiress, when her husband John Kerry was the Democratic presidential nominee in 2004. Heinz Kerry made one year of returns public, but withheld some portions of the filing, and did not release the information until the final months of the campaign.

Filed under: John McCain
soundoff (227 Responses)
  1. rdd

    NEVER ,NEVER,NEVER.I guess is only about 2 weeks

    May 23, 2008 04:26 pm at 4:26 pm |
  2. rose

    why 2006. This shows there is something in the offin.

    May 23, 2008 04:27 pm at 4:27 pm |
  3. obama - supporter - arkansas

    who cares she is richhhhhhhhhh

    it is a case of the richhhhhhhhh
    getting richerrrrrrrrrrrrrrrrrrrrrrrrr

    May 23, 2008 04:27 pm at 4:27 pm |
  4. Barbie McCain

    Why? I thought Barbie didn't want to share her taxes.

    It doesn't matter, they're not going to win. The White House is a step down for her–she really would rather stay home anyway.

    May 23, 2008 04:28 pm at 4:28 pm |
  5. George

    Why on Friday afternoon before long weekend?

    May 23, 2008 04:28 pm at 4:28 pm |
  6. Chris

    so what's with all the McCain ads claiming Obama to be a "multi-millionaire" and "out of touch" when he and his wife make way more than Obama and have been doing so for at least a decade? (and living in DC – a place clearly representative of how the rest of the US lives)

    May 23, 2008 04:28 pm at 4:28 pm |
  7. Great Timing

    It's a great time to release taxes–a Friday, a long holiday weekend, she's not stupid.

    Obama 08

    May 23, 2008 04:29 pm at 4:29 pm |
  8. Don in Seattle

    Who cares! We all know she is worth millions and millions and that all people this rich work the tax saystem to their benefit. I wouldn't believe anything that is being shared as we will only see little bits and pieces. Gee, what does this prenup thing say about the relationship of McCain and his wife? Probably, "What's mine is mine and what's yours is mine!" Does anyone really believe she only earned 6 million in 2006? Some people are more stupid that they appear.

    May 23, 2008 04:29 pm at 4:29 pm |
  9. Terrence (Winston Salem, NC)

    Am I the only one who thinks this report is FULL OF "something"?

    May 23, 2008 04:29 pm at 4:29 pm |
  10. Amber

    Good for her! I'm a Democrat so I could care less, but its nice to see a successful woman no matter what color they are (red or blue).

    May 23, 2008 04:29 pm at 4:29 pm |
  11. Carlotta in California

    28% taxes paid. Now, can we move on?

    May 23, 2008 04:30 pm at 4:30 pm |
  12. KiloWhiskey

    What?? She paid $1.6M in taxes? She'll never be a successful politician like Clinton at that rate! Remember the large Goodwill deductions for donations to charity – for his underwear?

    Good on ya Cindy!

    May 23, 2008 04:31 pm at 4:31 pm |
  13. AZM

    So much for the rich not paying taxes... 1.7 Million... Dang!

    Of course I'd like to just have what she paid... LOL...

    May 23, 2008 04:33 pm at 4:33 pm |
  14. Henry Miller, Cary, NC

    $1.7 million in taxes... Now, what exactly does Cindy McCain get from the idiot government that's worth 1.7 million dollars? Does she get roads forty times better than the roads I get? Did her kids go to schools forty times better than the schools my kids go to?

    What a rip-off!

    May 23, 2008 04:33 pm at 4:33 pm |
  15. Bridgette-PA

    OMG, I'm in the wrong business!


    May 23, 2008 04:34 pm at 4:34 pm |
  16. Raz

    Smart move, but hopless, no more 3rd term.


    May 23, 2008 04:35 pm at 4:35 pm |
  17. AB

    So she's rich. Get over it.

    May 23, 2008 04:36 pm at 4:36 pm |
  18. fred

    Go Hillary...Good for Mrs. McCain!!

    May 23, 2008 04:38 pm at 4:38 pm |
  19. carmen

    The income of the McCains and the Clintons are just like the ordinary, uneducated white people they too profess to be.

    May 23, 2008 04:39 pm at 4:39 pm |
  20. NickNas

    She filed the extension in order to hide what she has given McSame until after the election.

    May 23, 2008 04:39 pm at 4:39 pm |
  21. Jed in Texas

    You will never see the money in her offshore accounts.People with that much money always have multiple hiding spots.Her handlers knew they would have show and tell sooner or later.

    May 23, 2008 04:40 pm at 4:40 pm |
  22. Montana is Obama Country

    You can't tell me Ole Johnny boy doesn't benefit in more ways then he reports or lets on when she shows income of 6 mill....

    Johnny really knows how to shake his money-maker eh...?

    .........ELITIST........ ELISTIST FAMILY...........

    May 23, 2008 04:41 pm at 4:41 pm |
  23. Chi4Obama

    $6M in earnings, and only $1.7M in taxes paid (i.e. $28.3% tax rate).
    Is there something wrong with this picture?

    If not, then I want her accountants working for me!

    May 23, 2008 04:42 pm at 4:42 pm |
  24. Carl

    Darth Vadik and to others...

    Federal taxes is one thing... state and local taxes are another ball of wax.

    It's already been calculated that an Obama presidency and his tax plans would cost people in California and NY and NJ around 60% of their ANNUAL SALARY due to state and federal taxes. These lovely taxes include the taxes you pay in gas, food, your home, electricity, beer, capital gains, and just about anything else...

    on top of the 30% or more Obama wants to take from you.

    Thank goodness I live in Texas where we are not that stupid. We have no state income tax for a good reason, so people can take care of themselves and their family first.

    May 23, 2008 04:42 pm at 4:42 pm |
  25. Veterans for Obama

    Tax break for the wonder her husband wants to make them permanent.

    May 23, 2008 04:42 pm at 4:42 pm |
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